【IPO追踪】美格智能开启招股，计划3月10日上市

Group 1 - The company, Meige Intelligent (03268.HK), has launched an IPO, planning to globally offer 35 million H shares, with a maximum offer price of HKD 28.86 per share, aiming to raise approximately HKD 9.45 billion in net proceeds [2] - The company intends to allocate 55% of the raised funds for R&D innovation, 10% for expanding overseas sales networks, 10% for strategic investments and/or acquisitions, 15% for repaying bank loans, and 10% for working capital and general corporate purposes [2] - The IPO subscription period is from February 27 to March 5, with trading expected to commence on March 10 on the Hong Kong Stock Exchange [2] Group 2 - According to Frost & Sullivan, Meige Intelligent ranks fourth globally in wireless communication module business revenue for 2024, holding a market share of 6.4% [3] - The company is a leader in several segments, ranking first in global 5G vehicle module revenue (35.9% market share) and high-performance intelligent module revenue (29.0% market share), and third in conventional intelligent module revenue (15.1% market share) [3] - The revenue structure indicates that customized products and solutions are the main revenue source, accounting for 90.5% of revenue in the first three quarters of 2025, with total revenue of RMB 1.865 billion, representing 66.1% of total revenue [3] Group 3 - Meige Intelligent has secured several cornerstone investors, including Baoyue Gongying, Ruiming Electronics, Mingxing Electronics Hong Kong, and Harvest, who have agreed to subscribe for shares totaling approximately HKD 459 million at the offer price [4]